Ronnoco Beverage Solutions has acquired Trident Beverage, a provider of beverage dispensers to foodservice companies and other businesses in the US.
Founded in 2004, Trident Beverage supplies locations such as bars, restaurants and schools with beverage dispensers including juice dispensers, tea dispensers and bag-in-box beverage dispensers.
John Walker, president of Trident Beverage, and Patrick Walker, vice- president, will retain an investment stake in the company, and will continue to run the business following the acquisition.
Ronnoco claims that the acquisition of Trident will expand the company’s service area footprint with new channels, supplementing current product categories and geographic distribution.
Previously known as Ronnoco Coffee, the company rebranded as Ronnoco Beverage Solutions following its purchase of US-based equipment supplier Beverage Solutions Group in March 2018, as the company launched a new strategic vision to provide a “one-stop coffee and beverage solution.”
A statement from Ronnoco stated that Trident’s “strong foothold” in the frozen drinks and cold beverage product category presents an opportunity for Ronnoco to expand these products to the convenience channel.
Terry McDaniel, CEO of Ronnoco Beverage Solutions, said: “We view the addition of Trident Beverage as a combination of strengths, as we continue to strategically increase market share to better provide our partners with a one-stop, full line of beverage solutions.
“We are incredibly enthused to add John, Patrick and their dedicated team to advance our mission for continued growth and innovative expansion through our combined portfolio of high-quality products, brands and equipment focused on customer service and experience.”
John Walker, president of Trident Beverage, added: “We are pleased to unite fronts with a company that is so aligned with our larger priorities.
“Together, our extended line of complimentary product offerings and service areas creates natural synergistic opportunities for expansion across the combined platform.”
© FoodBev Media Ltd 2019